Smart Global Holdings Inc (SGH) Now Covered by Analysts at Jefferies Group LLC
Jefferies Group LLC assumed coverage on shares of Smart Global Holdings Inc (NYSE:SGH) in a research note released on Monday, MarketBeat.com reports. The firm issued a buy rating and a $21.00 target price on the stock.
A number of other analysts have also issued reports on the company. Barclays PLC started coverage on Smart Global Holdings in a report on Monday. They issued an overweight rating and a $19.00 target price for the company. Deutsche Bank AG started coverage on Smart Global Holdings in a report on Monday. They issued a buy rating and a $18.00 target price for the company. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Smart Global Holdings has a consensus rating of Buy and an average target price of $21.50.
Smart Global Holdings (NYSE:SGH) traded up 0.72% on Monday, reaching $15.41. The company had a trading volume of 10,480 shares. The firm’s market capitalization is $215.89 million. The stock has a 50 day moving average of $14.58 and a 200 day moving average of $14.58. Smart Global Holdings has a 12 month low of $11.50 and a 12 month high of $17.25.
In other Smart Global Holdings news, major shareholder Lake Sumeru (Offshore) Silver bought 1,500,000 shares of the stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $11.00 per share, with a total value of $16,500,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Smart Global Holdings Company Profile
Smart Global Holdings Inc is a holding company. The Company through its subsidiaries provides specialty memory solutions. The Company manufactures memory for desktops, notebooks, servers and mobile memory for smartphones. The Company also serves original equipment manufacturer (OEM), customers to develop memory solutions.
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